After five consecutive negative sessions, Piazza Affari, still in the red in the morning, is nervously trying to react in a market that is trying to set aside the disappointment on yesterday's ECB meeting to focus on the US employment data expected in the afternoon.
The monthly data on the US 'non farm payrolls' is in fact considered fundamental for the indications on the timing of the Fed plan to reduce monetary stimulus, after yesterday's good data on GDP and weekly unemployment benefits increased the probability that the central bank The US can start tapering as soon as possible, depressing the Wall Street Stock Exchange during the Italian night.
Meanwhile, in the middle of the day, Piazza Affari returns to at least float on parity, thanks to the partial recovery of the banking sector (Banco Popolare +1,6% on all), albeit heavily penalized by market fears about the future of Ps (over -2,5% at 13 pm). The best title remains Pirelli, after the announcement of the trusted man Francesco Gori as advisor to Malacalza, while Campari recovers after a month from -9% and Prysmian emerges, thanks to the promotion of Morgan Stanley.
The other European price lists are also cautious, with Madrid alone in negative territory and London in the pink jersey with a timid +0,5% at mid-day.
